iscoverVirgin Australia’s $350 million rights issue, which has seen major institutional investors Air New Zealand, Etihad, Singapore Airlines and the Virgin Group take up their entitlement shares in the airline, has sparked a pointed reaction from Qantas and counter arguments from Virgin. The rights issue, which so far has raised $281.4 million from Virgin Australia’s
Virgin Australia has announced that it intends to raise about $350 million through an entitlement offer to improve its liquidity position. Shareholders will be able to purchase five new shares for every existing 14 company shares held on November 19. The airline’s major shareholders and strategic partners support the entitlement offer and will be taking
Virgin Australia has announced an extra six flights a week to Denpasar from Australia’s east coast. From December 19, the airline will add an extra weekly service from Brisbane, two extra services from Sydney and a further three weekly services from Melbourne. The additional flights will be timed to complement existing services and will add more
The aviation industry needs to show leadership and courage in addressing the challenges of compounding traffic growth over the next two decades, Virgin Australia CEO John Borghetti has said. “Fifty per cent growth in air traffic over the next 20 years represents an additional 140 million passenger movements and we cannot simply keep doing things
Virgin Australia has begun codesharing on SilkAir flights to five Indonesian destinations – Bandung, Balikpapan, Lombok, Palembang and Solo. SilkAir, the full-service subsidiary of Virgin Australia shareholder and alliance partner Singapore Airlines, serves the Indonesian destinations via its Singapore hub. Virgin Australia already codeshares on SilkAir flights between Darwin and Singapore, and last month SilkAir
Qantas says “weaker market demand” resulted in Qantas domestic passenger numbers falling by 2.9 per cent in September compared to September 2012, in contrast to competitor Virgin Australia, which saw 2.2 per cent growth in domestic traffic for the month. Qantas Group’s overall passenger numbers were down 0.1 per cent on September 2012, with Qantas
PROFILES
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
